Company Website:
http://www.rigrodskylong.com
WILMINGTON, Del. -- (Business Wire)
Rigrodsky & Long, P.A.:
- Do you own shares of Glimcher Realty Trust (NYSE: GRT)?
- Did you purchase any of your shares prior to September 16, 2014?
- Do you think the proposed buyout price is too low?
- Do you want to discuss your rights?
Rigrodsky
& Long, P.A. announces that it is investigating potential legal
claims against the board of directors of Glimcher Realty Trust
(“Glimcher” or the “Company”) (NYSE: GRT)
regarding possible breaches of fiduciary duties and other violations of
law related to the Company’s entry into an agreement to be acquired by
Washington Prime Group Inc. (“WPG”) (NYSE: WPG),
in a transaction valued at approximately $4.3 billion.
Click here to learn more: http://www.rigrodskylong.com/investigations/glimcher-realty-trust-grt.
Under the terms of the agreement, public shareholders of Glimcher would
receive 0.1989 shares of WPG and $10.40 in cash for each share of
Glimcher they own. Based on WPG’s closing stock price on September 15,
2014, Glimcher shareholders would have received consideration valued at
approximately $14.07 per share.
The investigation concerns whether Glimcher’s board of directors failed
to adequately shop the Company and obtain the best possible value for
Glimcher’s shareholders before entering into an agreement with WPG.
If you own the common stock of Glimcher and purchased your shares before
September 16, 2014, if you have information or would like to learn more
about these claims, or if you wish to discuss these matters or have any
questions concerning this announcement or your rights or interests with
respect to these matters, please contact Seth D. Rigrodsky or Gina M.
Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120,
Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to info@rl-legal.com,
or at: http://www.rigrodskylong.com/investigations/glimcher-realty-trust-grt.
Rigrodsky
& Long, P.A., with offices in Wilmington, Delaware and Garden
City, New York, regularly prosecutes securities
class, derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in states
and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar outcome.
Contacts:
Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
888-969-4242
302-295-5310
Fax:
302-654-7530
info@rl-legal.com
http://www.rigrodskylong.com
Source: Rigrodsky & Long, P.A.
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